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Dec 28, 2012
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, with five days left until the fiscal cliff of tax hikes and spending cuts. the house planned to reconvene on sunday evening. a christmas season storm rolled through the northeast and new england, as the death toll climbed to 16. and lisa jackson announced she's stepping down as administrator of the environmental protection agency. and online, we've got a unique year-in-review of sorts. kwame holman has more. >> holman: science correspondent miles o'brien has had a most interesting 2012. he's crawled in sewage, cuddled with dolphins and played guinea pig to lots of experiments. watch some of the best outtakes of miles' science stories on the rundown. and we round up the most important lessons we've learned about helping kids stay in school from our series, american graduate. all that and more is on our web site newshour.pbs.org. margaret? >> warner: and that's the "newshour" for tonight. i'm margaret warner. >> brown: and i'm jeffrey brown. we'll see you online and again here tomorrow evening with mark shields and david brooks among others. thank you and good
, with five days left until the fiscal cliff of tax hikes and spending cuts. the house planned to reconvene on sunday evening. a christmas season storm rolled through the northeast and new england, as the death toll climbed to 16. and lisa jackson announced she's stepping down as administrator of the environmental protection agency. and online, we've got a unique year-in-review of sorts. kwame holman has more. >> holman: science correspondent miles o'brien has had a most interesting 2012....
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Dec 28, 2012
12/12
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republicans blame president obama for the collapse of a bigger deal that would have cut spending and reduced the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together but it's a total dereliction of duty and a lack of courage to deal with the issues. >> it rests in the hands of the senate. >>> president obama is scheduled to give an update on the fiscal cliff within the next 15 minutes. when that happens, we will join him live for that announcement. >> for more on the fiscal cliff and what it could moon for your pay, we got you covered. just head to our home page for a breakdown of different scenarios in washington, what it could moan for your money. for more on the fiscal cliff and a heated debate, check out an all brand-new episode of square off. the round table discussion airs right here on abc2 at 11 on sunday morning. >>> continuing coverage in the planned port strike. dock workers have been working on an expired contract. today the u.s. marry time alines and the long shoring association have agreed to a 30 day extension allowing
republicans blame president obama for the collapse of a bigger deal that would have cut spending and reduced the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together but it's a total dereliction of duty and a lack of courage to deal with the issues. >> it rests in the hands of the senate. >>> president obama is scheduled to give an update on the fiscal cliff within the next 15 minutes. when that happens, we will join him...
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Dec 29, 2012
12/12
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it forces members of congress and president obama to spend the last few days of 2012 on the job. we want to bring in cnn chief white house correspondent, jessica yelen, we all know they would rather celebrate new year's eve elsewhere. how did they get here? >> reporter: it is such a good question, you know, candy, this grid lock in washington creates the eye-rolling. but the fundamental question goes to the essential differences between the two parties about the role of government, should it be bigger or smaller? about whether we want lower taxes or more of a social safety net. so while we have seen the principles, the president, speaker boehner, and now senator mcconnell and reid trying to get involved in stages in the last few weeks, it has always broken down because they fundamentally disagree about the big ideas over the core of this debate. they're fighting between the two parties. and this could get resolved in a matter of days or weeks. but the big difference, the issues could really take months to work out. >> can it be resolved in the matter of few enough days that they
it forces members of congress and president obama to spend the last few days of 2012 on the job. we want to bring in cnn chief white house correspondent, jessica yelen, we all know they would rather celebrate new year's eve elsewhere. how did they get here? >> reporter: it is such a good question, you know, candy, this grid lock in washington creates the eye-rolling. but the fundamental question goes to the essential differences between the two parties about the role of government, should...
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Jan 1, 2013
01/13
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is not out of the woods yet. >> president obama said the agreement fell short of what both sides wanted but that it was the right thing to do for the country. >> senators passed the bill with 89-8. after months of wrangling, lawmakers ended their deadlock. >> i know i can speak for my conference when i say we don't think taxes should go up on anyone. but if we knew if we did nothing they would be going up on everyone. >> the bill heads to the republican controlled house of representatives and could come to a vote later today but it is far from certain that it will pass. president obama urged members to back the deal though it falls short of what he originally sought. >> my preference would have been to solve all of the problems in the context of a larger agreement, bigger deal, a grand bargain, whatever you want to call it that solves our deficit problems in a responsible way. does not just deal with the taxes but deals with the spending so that we can put it behind us and focus on just growing our economy. >> the plan would permanently raise taxes on households making more than $450,00
is not out of the woods yet. >> president obama said the agreement fell short of what both sides wanted but that it was the right thing to do for the country. >> senators passed the bill with 89-8. after months of wrangling, lawmakers ended their deadlock. >> i know i can speak for my conference when i say we don't think taxes should go up on anyone. but if we knew if we did nothing they would be going up on everyone. >> the bill heads to the republican controlled house...
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Dec 30, 2012
12/12
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if no deal is made, president obama will press congress to vote on a plan c, one keeping tax cuts in place for most americans. in washington, mike emmanuel, fox news. >> when it comes to the spending cuts, critics are more concerned. they will be cut by $50 million what will be cut is undetermined. >> it's going to affect the operational force that is deployed in terms of its ability to maintain its equipment and to get repair parts and that forces on force is deployed around the world. not just in afghanistan but being reduced. it would impact the training of the force. >> whatever happens, citizens won't so any trouble if congress doesn't act by the new year. they have a few days to act. >>> fair cocks county police made an arrest. the 22-year-old is facing murder charges for stabbing 19- year-old xavier stringfellow to death. the bloody was -- the body was found in the car. the police say the two men didn't know each other before meeting up. >> and what happened or why. you have to look at all the possibilities. >> there was some sort of stroll struggle when the victim got killed
if no deal is made, president obama will press congress to vote on a plan c, one keeping tax cuts in place for most americans. in washington, mike emmanuel, fox news. >> when it comes to the spending cuts, critics are more concerned. they will be cut by $50 million what will be cut is undetermined. >> it's going to affect the operational force that is deployed in terms of its ability to maintain its equipment and to get repair parts and that forces on force is deployed around the...
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Dec 29, 2012
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many blame president obama for the collapse of a bigger deal that would reduce spending and cut the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together. >> house members don't get back here tonight sunday night. >>> president david wilson may be getting a remove of sorts after a lengthy public meeting months announced it is negotiating to keep him on until june 2014. his current contract expires in june of 2013. it was a rough year with two shootings on campus. >>> the russian president signed a law banning americans from adopting russian children. a law that people say is heartbreaking and punishes no one but the children. one family says he just signed a death notice for thousands of orphans in his country. >> reporter: you may have heard of her, she won three gold medals and a bronze in this past summer's paraolympic games in london. reaching goals she would have never reached if she had not been adopted at age 6 by her mother deborah. >> she did not have a wheelchair. she crawled on the floor. she was very anemic and was not expected to l
many blame president obama for the collapse of a bigger deal that would reduce spending and cut the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together. >> house members don't get back here tonight sunday night. >>> president david wilson may be getting a remove of sorts after a lengthy public meeting months announced it is negotiating to keep him on until june 2014. his current contract expires in june of 2013. it was a...
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Jan 1, 2013
01/13
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that's $200,000 higher than the threshold president barack obama originally proposed. that is the senate deal postponed by two months, the spending cuts that are scheduled to start on january 1st. the senate passed the bill on two tuesday, two hours after the december 31st deadline. members of the republican-led house of representatives will vote on the bill on tuesday. lawmakers are expected to work on a stopgap measure to ensure the impact of the suspended tax cuts is minimal. >>> doctors treating hillary clinton say they have found a blood clot between her brain and skull. but they say she is making an excellent recovery. staff at a hospital in new york issued a statement on monday, a day after clinton arrived for treatment. last month, doctors diagnosed her with a concussion after a stomach virus caused her to become dehydrated and faint. she had been resting at home since then. medical personnel say an mri revealed a clot in a vein between clinton's right here but they say she did not suffer a stroke or any neurological damage. they say she is in good spirits and
that's $200,000 higher than the threshold president barack obama originally proposed. that is the senate deal postponed by two months, the spending cuts that are scheduled to start on january 1st. the senate passed the bill on two tuesday, two hours after the december 31st deadline. members of the republican-led house of representatives will vote on the bill on tuesday. lawmakers are expected to work on a stopgap measure to ensure the impact of the suspended tax cuts is minimal. >>>...
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Dec 31, 2012
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nothing about the addiction that his administration, he is the spender in chief. >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so we would have $2 cuts for every $1 of increased revenue. >> senate is in recess. >> reporter: the senate reconvenes at 11 a.m. so as americans celebrate the beginning of 2013 they may wake up wishing it was 2012 when they had more money in their pockets. andrew spencer reporting. >> the midnight deadline is 9:00 our time. if the deadline passes there could still be wiggle room if the president and lawmakers appear to be working towards an agreement. the tax hikes and spending cuts could be held at bay for a few weeks, they could be repealed retroactively once a deal is reached. and you can keep tabs on the fiscal talks anytime by logging on to our website, cbssf.com. >>> there is some hope. congressional leaders showed yesterday they are able to compromise at least on a few things. top republicans and democrats announced they reached a deal to extend the 2008 farm bill for at least one m
nothing about the addiction that his administration, he is the spender in chief. >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so we would have $2 cuts for every $1 of increased revenue. >> senate is in recess. >> reporter: the senate reconvenes at 11 a.m. so as americans celebrate the beginning of 2013 they may wake up wishing it was 2012 when they had more money in their pockets. andrew...
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dollars that automatically take effect on journey to first another round of talks for saturday barack obama's already considering an emergency bill for lower wages and the unemployed if agreement isn't reached before that line. six men involved in the gang rape of a student in india have been charged with murder just hours after the victim died in all spittal if convicted all could face the death penalty but case sparked protests in new delhi with the authorities resorting to banning mass gatherings in parts of the city people still joining to express their anger well demanding extreme measures to keep the streets safe. and it's coming up to twenty five minutes past nine at night moscow time or to recap our main news story four people have been killed after a plane crashed into the side of one of moscow's main highways earlier on the sea evening four others were injured all of them are in a serious condition with head injuries the red wings flight from the czech republic overshot the runway at the city's vnukovo airport at half past four pm local time only eight people all of them crew member
dollars that automatically take effect on journey to first another round of talks for saturday barack obama's already considering an emergency bill for lower wages and the unemployed if agreement isn't reached before that line. six men involved in the gang rape of a student in india have been charged with murder just hours after the victim died in all spittal if convicted all could face the death penalty but case sparked protests in new delhi with the authorities resorting to banning mass...
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Dec 29, 2012
12/12
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spending cuts and tax hikes that will bite if lawmakers fail to come up with a plan. >> pessimism remains the prevailing mood in washington as the january deadline rapidly approaches. neither democrats nor republicans have any new proposals for a workable compromise. >> the starbucks coffee chain has urged its workers in washington, d.c., area to write "come together" on the cups, a plea for party leaders to work out a compromise, but some customers say that is not enough. >> i mean, i like with starbucks is riding on the cups. i wish they would write, like, something else, like "republicans, stop being stupid." >> i think the solution will probably be neutered and not very effective, but ultimately, i think they will avoid the fiscal cliff. >> but neither side appears willing to give in. democrats, for example, are frustrated that republicans will not agree to raise taxes on the wealthy. >> the majority of rich people in our great country are willing to pay more. the only people who disagree with that are republicans who work in this building. >> republicans say that democrats want to sp
spending cuts and tax hikes that will bite if lawmakers fail to come up with a plan. >> pessimism remains the prevailing mood in washington as the january deadline rapidly approaches. neither democrats nor republicans have any new proposals for a workable compromise. >> the starbucks coffee chain has urged its workers in washington, d.c., area to write "come together" on the cups, a plea for party leaders to work out a compromise, but some customers say that is not enough....
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dollars to actually take effect and juggle the first round of talks is show deal for saturday barack obama is already considering an emergency bill for low earners and the unemployed if agreement is not reached before the deadline. the six men involved in the gang rape of a student in india have been charged with murder just hours after their victim died in hospital if convicted will could face the death penalty cases sparked protests in new delhi with the authorities resorting to banning mass gatherings in parts of the city people are still joining to express their anger and sorrow while demanding extreme measures to keep the streets safe. japan's newly elected prime minister has taken a tour of the fukushima nuclear plant which was devastated by a massive tsunami last year wearing up. tech to suit be inspected the complex and admitted that dealing with the fallout is an unprecedented challenge the previous democrat government plan to scrap the use of nuclear power but i bet is liberal party is preparing to reverse that decision. well it's been a turbulent year for russian politics with p
dollars to actually take effect and juggle the first round of talks is show deal for saturday barack obama is already considering an emergency bill for low earners and the unemployed if agreement is not reached before the deadline. the six men involved in the gang rape of a student in india have been charged with murder just hours after their victim died in hospital if convicted will could face the death penalty cases sparked protests in new delhi with the authorities resorting to banning mass...
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republican senate leaders with finding a compromise to the budget impasse a raft of tax hikes and social spending cuts come into force automatically on new year's day if the two political parties fail to find a way forward obama says he will call a vote in congress to stop the tax rises if they can't work it out. the twenty three year old victim of an horrific gang rape on a bus that triggered a violent protest in india has died in a singapore hospital in new delhi gatherings of more than five people have been banned in many parts of the city but this peaceful city was allowed to go ahead the authorities have also closed metro stations and stopped cars from accessing some main roads and in preparation for possible protests that. italy's going prime minister says he will lead a coalition of centrist parties after february parliamentary elections omarion monti is not ruling out a return as head of state should the alliance be successful he resigned early this month after his government lost its majority amid the country's deepening recession now we are coming up fast that night of fun fireworks and
republican senate leaders with finding a compromise to the budget impasse a raft of tax hikes and social spending cuts come into force automatically on new year's day if the two political parties fail to find a way forward obama says he will call a vote in congress to stop the tax rises if they can't work it out. the twenty three year old victim of an horrific gang rape on a bus that triggered a violent protest in india has died in a singapore hospital in new delhi gatherings of more than five...
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republican senate leaders with finding a compromise to the budget impasse a raft of tax hikes and social spending cuts come into force automatically on new year's day if the two political parties fail to find a way forward obama says he will call a vote in congress to stop the tax rises if they car work it and. the victim of a gang rape on a bus that triggered violent protests in india has died in a singapore hospital her body is expected to be flown back to india later on saturday the twenty three year old student was beaten and suffered massive internal injuries before being thrown out into the road attack course deep outrage in new delhi with widespread demonstrations taking place to call for greater protection for women. italy's outgoing prime minister says he will lead a coalition of centrist parties after february's parliamentary elections omarion monti is not ruling out a return as head of state should the alliance be successful he resigned earlier this month after his government lost its majority amid the country's deepening recession. now are coming up fast to that night of fun fireworks
republican senate leaders with finding a compromise to the budget impasse a raft of tax hikes and social spending cuts come into force automatically on new year's day if the two political parties fail to find a way forward obama says he will call a vote in congress to stop the tax rises if they car work it and. the victim of a gang rape on a bus that triggered violent protests in india has died in a singapore hospital her body is expected to be flown back to india later on saturday the twenty...
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Dec 28, 2012
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is more to blame for not agreeing to more spending cuts and 15% blame both sides. joining us now from new york, julie riganski, a democratic strategist and here in washington, steven moore, a member of the "wall street journal" editorial board. sesteven, let's start with you. great to hear harry reid on this. the last time i checked the do so called proposal that a he put forth in july didn't really receive any support and only dealt with tax increases. it wasn't a comprehensive deal and didn't involve real spending cuts it was just raise tax and it went no where. for him to blame republicans, come on. >> don't forget, it has been 13 hyundais since hair arery reid even passed a budget out of the united states senate. we don't even know what the united states senators stand for in terms of the budget debate. the same thing on taxes. the house actually passed a lot of people don't know that earlier this year the house passed a bill to extend all of the bush era tax cuts for another year until resolve the issue. the senate again didn't act on that. the grave yard of t
is more to blame for not agreeing to more spending cuts and 15% blame both sides. joining us now from new york, julie riganski, a democratic strategist and here in washington, steven moore, a member of the "wall street journal" editorial board. sesteven, let's start with you. great to hear harry reid on this. the last time i checked the do so called proposal that a he put forth in july didn't really receive any support and only dealt with tax increases. it wasn't a comprehensive deal...
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republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts are worth billions of dollars automatically take effect on january first another round of talks are scheduled for saturday iraq obama is already considering an emergency bill for low earners and be unemployed if agreement is not reached before the deadline. at least four people have been killed and forty others injured after a passenger bus exploded at the terminal station in the southern pakistani city of karachi while an investigation is under way police believe that a terror attack or a gas cylinder explosion might be the cause of the blast the city has seen numerous militant attacks over the past decade and has been plagued by violence. the six men involved in the gang rape of a student in india have been charged with murder just hours after their victim died in a hospital if convicted all could face the death penalty cases sparked protests in new delhi with the authorities resorting to banning mass gatherings in parts of the city people are still joining to express their ang
republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts are worth billions of dollars automatically take effect on january first another round of talks are scheduled for saturday iraq obama is already considering an emergency bill for low earners and be unemployed if agreement is not reached before the deadline. at least four people have been killed and forty others injured after a passenger bus exploded at the terminal station in the...
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republican senate leaders with finding a compromise to the budget impasse raft of tax hikes and social spending cuts come into force automatically on new year's day if the two political parties fail to find a way forward obama says he will call a vote in congress to stop the tax rises if they can't work it and. the twenty three year old victim of an of riffing gang rape on a bus that triggered violent protests in india has died in a singapore hospital in new delhi gatherings of more than five people have been banned in many parts of the city but this peaceful fifteen was allowed to go ahead the authorities have also closed metro stations and stock cars from accessing some main roads in preparation for possible protests is. now we are coming up too fast to that night of fun fireworks and festivities the first few of us will also be making some resolutions for twenty thirteen and rory half an ist has been hearing some of the wishful thinking in new york. it's that time of year again we all make resolutions for the new year so what's your best this week let's talk about bad same as always so it wa
republican senate leaders with finding a compromise to the budget impasse raft of tax hikes and social spending cuts come into force automatically on new year's day if the two political parties fail to find a way forward obama says he will call a vote in congress to stop the tax rises if they can't work it and. the twenty three year old victim of an of riffing gang rape on a bus that triggered violent protests in india has died in a singapore hospital in new delhi gatherings of more than five...
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Dec 28, 2012
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with just five days until the country tumbles into automatic tax hikes and spending cuts the president has scheduled a meeting. danielle nottingham on the efforts. >> reporter: top congressional leaders are expected to meet with president obama at the white house friday. this would be the group's first face to face meeting since november 16th and a last minute chance to avoid the so-called fiscal cliff. if no deal is reached taxes will go up for nearly every american and harsh spending cuts will kick in on january 1st. senators reconvened on thursday with tension spilling over on to the floor. >> speaker boehner is unwilling to negotiate. there's nothing happening. >> the phone never rang and so now here we are five days from the new year and we might finally start talking. >> reporter: senate majority lyddite harry reid skewered house speaker john boehner, charging he's more interested in his leadership position than in bipartisan legislation. >> the speaker's number one goal is to get elected speaker on january 3rd. >> reporter: the two sides are at odds over tax cuts and spending. r
with just five days until the country tumbles into automatic tax hikes and spending cuts the president has scheduled a meeting. danielle nottingham on the efforts. >> reporter: top congressional leaders are expected to meet with president obama at the white house friday. this would be the group's first face to face meeting since november 16th and a last minute chance to avoid the so-called fiscal cliff. if no deal is reached taxes will go up for nearly every american and harsh spending...
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cuts worth billions of dollars dollars automatically take effect on january first barack obama is already considering an emergency bill for low income earners and to be unemployed if an agreement was not reached before the deadline. former prime minister silvio berlusconi slammed his political rivals aspirations to run in the italian parliamentary election he blamed outgoing head of state mario monti for the country's deepest and konami crisis berlusconi pledged that if elected to the top post again he would launch an inquiry into the appointment of monti as premier in two thousand and eleven monti headed to the country after berlusconi's last term but resigned thirteen months later after his government lost its majority. and coming up after the break we take an in-depth look at the russian a ballroom and culture and visit the best ball of the year. the sun rises over what seems like and list forest but here in the new directions cry for hundred kilometers north of light of all stalk and much of the world it's disappearing at a catastrophic rate. walkers both illegal and those finding way
cuts worth billions of dollars dollars automatically take effect on january first barack obama is already considering an emergency bill for low income earners and to be unemployed if an agreement was not reached before the deadline. former prime minister silvio berlusconi slammed his political rivals aspirations to run in the italian parliamentary election he blamed outgoing head of state mario monti for the country's deepest and konami crisis berlusconi pledged that if elected to the top post...
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automatically take effect on the first another round of talks it shows you will for saturday barack obama's really considering an emergency bill for low earners and employed if agreement isn't reached before that deadline. the six men involved in a gang rape of a student in india have been charged with murder now just hours after the victim died in hospital if convicted all could face the death penalty the case about protests in new delhi with the authorities resorting to banning mass gatherings in parts of the city people still joining to express their anger while demanding extreme measures to keep the streets safe. it's been a turbulent year for russian politics with putin's come back to the kremlin met by big opposition rallies plus pussy riots infamous cathedral performance protest on the court case that followed that that split russian society well here's how some of the r.t. staff including me covered it all in twenty twelve. presidential election twenty three cameras up on this roof correspondents throughout moscow and i mean you come across lines throughout the night was a great nig
automatically take effect on the first another round of talks it shows you will for saturday barack obama's really considering an emergency bill for low earners and employed if agreement isn't reached before that deadline. the six men involved in a gang rape of a student in india have been charged with murder now just hours after the victim died in hospital if convicted all could face the death penalty the case about protests in new delhi with the authorities resorting to banning mass...
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Dec 26, 2012
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dramatic spending cuts will kick in. president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us. >> we'll start with a brief check on the markets. energy and metals are trading higher now, wtis up about 55 cents. brent crude up 65 cents. also want to check in on the gold price, as well. gold right now down about slightly under the flat line there, 1,-658. well below the 1,700 mark. the cme globex has been closed for christmas. it's going to reopen at 6:00 a.m. eastern time. that goes for treasuries and the foreign exchange market, as well. >> as for action in the overseas markets, the u.k. is closed today for boxing day as are some of the former brish colo
dramatic spending cuts will kick in. president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us....
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cuts worth billions of dollars automatically take effect on january first rock obama is already considering an emergency bill for low income earners and to be unemployed if an agreement is not reached before the deadline. former prime minister silvio berlusconi slammed his political rivals aspirations to run in the italian parliamentary election he blamed outgoing head of state mario monti for the country's deepest economic crisis berlusconi pledged that if elected to the top post again he would launch an inquiry into the appointment of monti as premier in two thousand and eleven on the head of the country after bella's county's last term but resigned thirteen months later after his government lost its majority. now if you're seeking to give yourself the gift of good health this holiday season well and stay tuned for this edition of technology update where we examine all the latest medical marvels by russian scientists that's after a short break. the legacy no one should be proud of keep subscribe nationally touring pristine arctic landscape building stilton over their foundation pipes spin
cuts worth billions of dollars automatically take effect on january first rock obama is already considering an emergency bill for low income earners and to be unemployed if an agreement is not reached before the deadline. former prime minister silvio berlusconi slammed his political rivals aspirations to run in the italian parliamentary election he blamed outgoing head of state mario monti for the country's deepest economic crisis berlusconi pledged that if elected to the top post again he...
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Dec 28, 2012
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president barack obama has broken off his christmas vacation to resume talks on the so-called fiscal cliff, taxes and spending cuts unless democrats and republicans reach a deal by new year's eve. >> nearly all the major players in those negotiations are starting to agree on one thing, and that is that a deal is virtually impossible by that deadline. senior officials say there is little hope of a grand bargain to shave trillions of dollars off of america's mountain of debt. >> applause for the bell at the start of the trading day is a daily ritual at the new york stock exchange, despite the enthusiasm, traders are keeping an anxious eye on share prices. the fiscal cliff is on everyone's mind. u.s. treasury secretary timothy geithner has warned that his department will need to take extraordinary measures to postpone the upcoming government defaults. he plans adjustments to the national budget that would give the u.s. two months of grace. president barack obama has said he is still hopeful that a resolution can be reached this year. he cut short his vacation in hawaii to restart negoti
president barack obama has broken off his christmas vacation to resume talks on the so-called fiscal cliff, taxes and spending cuts unless democrats and republicans reach a deal by new year's eve. >> nearly all the major players in those negotiations are starting to agree on one thing, and that is that a deal is virtually impossible by that deadline. senior officials say there is little hope of a grand bargain to shave trillions of dollars off of america's mountain of debt. >>...
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of republicans democrats failed to reach a deal on how to reduce the national deficit tax hikes and spending cuts with billions of dollars automatically take effect on journey the first another round of talks a shuttle for saturday and barack obama's already considering an emergency bill for low earners and the unemployed if agree with isn't reached before deadline. six men involved in the gang rape of a student in india have been charged with murder just hours after their victim died and all spittal if convicted all could now face the death penalty the case sparked protests in new delhi with the authorities resorting to banning mass gatherings in parts of the city people still joining to express their anger while demanding extreme measures to keep the streets safe. and i am actually on the big news from us tonight that story that developed earlier on this evening four people including the captain have been killed after a passenger plane crashed into the side of one of moscow's main highways earlier the saving there only eight people on board the plane all of them crew members that plane can
of republicans democrats failed to reach a deal on how to reduce the national deficit tax hikes and spending cuts with billions of dollars automatically take effect on journey the first another round of talks a shuttle for saturday and barack obama's already considering an emergency bill for low earners and the unemployed if agree with isn't reached before deadline. six men involved in the gang rape of a student in india have been charged with murder just hours after their victim died and all...
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is sliding ever closer to what has become known as the fiscal cliff with barack obama hosting another last minute emergency meeting today for weeks the republicans and democrats have been trying to reach a deal on how to reduce the national deficit if they don't billions of dollars in tax spending cuts sort of magically come into effect on january the first activist and journalist says it's not the deadlock that bothers him but rather what has already been agreed upon. the real problem in my eyes is not the fact that they can't reach an agreement but rather that they have reached an agreement on many fundamental things the grievance they have reached is that neither of them are going to advocate to put more money in the hands of working people they have no problem whatsoever removing a trillion dollars or two trillion dollars from the economy and delivering it to the bankers they did that inside of twenty days back in two thousand and eight and again in two thousand and nine was very little discussion. everyone agrees on both sides of the aisle that sums sort of reduction in benefits
is sliding ever closer to what has become known as the fiscal cliff with barack obama hosting another last minute emergency meeting today for weeks the republicans and democrats have been trying to reach a deal on how to reduce the national deficit if they don't billions of dollars in tax spending cuts sort of magically come into effect on january the first activist and journalist says it's not the deadlock that bothers him but rather what has already been agreed upon. the real problem in my...
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wrestle a solution to its imminent fiscal cliff which could have far reaching ramifications president obama has charged democratic and republican senate leaders with finding a compromise to the budget impasse a raft of tax hikes and social spending cuts come into force automatically on new year's day if the political parties fail to find a way forward a barman says he will call a vote in congress to stop the tax rises if they can't work it out. the victim of a gang rape on a bus that triggered violent protests in india has died in the singapore hospital a body is expected to be flown back to india later on saturday the twenty three year old student was beaten and suffered massive internal injuries before being thrown out onto the road. rage in new delhi with widespread calls for greater measures to protect women. italy's outgoing prime minister says he will lead a coalition of centrist party to after february parliamentary elections and mario monti is not ruling out a return as a as head of state should the alliance be successful he resigned early this month after his government lost its ma
wrestle a solution to its imminent fiscal cliff which could have far reaching ramifications president obama has charged democratic and republican senate leaders with finding a compromise to the budget impasse a raft of tax hikes and social spending cuts come into force automatically on new year's day if the political parties fail to find a way forward a barman says he will call a vote in congress to stop the tax rises if they can't work it out. the victim of a gang rape on a bus that triggered...
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automatically take effect on generator first another round of talks the shows were for saturday barack obama said what he considered an emergency bill for low earners and the unemployed if agreement isn't reached before the deadline more world news now the six men involved in the gang rape of a student in india have been charged with murder just hours after the victim died in a hospital if convicted all could face the death penalty case despite protests in new delhi with the authorities resorting to banning mass gatherings of parts of the city now people are still joining to express their anger world demanding extreme measures to keep the streets safe and i'm not. just joined recapping our main news tonight for people including the captain have been killed after a passenger plane crashed into the side of one of moscow's main highways there only eight people all of them crew members at the time on board the plane the plane can carry up to two hundred passengers if it had been full the four you survived are all in a serious condition with head injuries this morning the red wings' flight from t
automatically take effect on generator first another round of talks the shows were for saturday barack obama said what he considered an emergency bill for low earners and the unemployed if agreement isn't reached before the deadline more world news now the six men involved in the gang rape of a student in india have been charged with murder just hours after the victim died in a hospital if convicted all could face the death penalty case despite protests in new delhi with the authorities...
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has cut short his holidays to try and strike a deal to cap america's spending with a divided congress yet to reach a deal that's now i talked to came. from the international action center which coordinates activism and information for post a message in international justice thanks for joining us well tell us what is the fiscal cliff and just how serious could it be. well the fiscal cliff refers to a disastrous economic results that will take place if u.s. budget laws are not changed they are sat so there's something called a debt ceiling so there's so much money so so much money is spent then all of a sudden there's a huge reduction in government spending and this is really staged by the bankers and the corporations because as capitalism is collapsing internationally they are they're setting up and they're trying to get people used to the idea that they have to accept cuts and all the services they depend on and so this is a staged crisis in order to force the people to pay for a process that the banks created or it's not the first time they say that democrats and republicans have squ
has cut short his holidays to try and strike a deal to cap america's spending with a divided congress yet to reach a deal that's now i talked to came. from the international action center which coordinates activism and information for post a message in international justice thanks for joining us well tell us what is the fiscal cliff and just how serious could it be. well the fiscal cliff refers to a disastrous economic results that will take place if u.s. budget laws are not changed they are...
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do you want the government to do nothing about spending? are you happy with obama care? most would say no. but in the end the choice was between a president who said things aren't great, but i'm going to still try to make them better, and a guy who he painted as not having a plan and not identifying with the average wants and needs of most middle class americans and in the end people decided to stick with the devil they knew rather than the one they didn't. >> so the republican defeat was big, but it wasn't overwhelming in the sense of a repute yags, in your view, of the republican platform or their agenda. >> no, and i think the reason -- look. this country did have the opportunity to once again hand controlled government to democrats. everyone in the house was up for re-election, and yet they continued to givene republicans the majority. they like divided government, and they have to look at the states who elected the very conservative governors who are doing the exact opposite of what barack obama is doing at the federal level. jay dan, there are real implications, co
do you want the government to do nothing about spending? are you happy with obama care? most would say no. but in the end the choice was between a president who said things aren't great, but i'm going to still try to make them better, and a guy who he painted as not having a plan and not identifying with the average wants and needs of most middle class americans and in the end people decided to stick with the devil they knew rather than the one they didn't. >> so the republican defeat was...
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Dec 31, 2012
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and what they will say is that if you either increase taxes or significantly lower spending when the economies remain some what fragile it would have a de simulated effect and potentially you see a lot of folks losing business, more folks potentially losing jobs that would be a mistake when the economy has not fully taken off. >>> with me is wall street journal senior economics writer receive moore. has the president changed his mind? >> i love that quote that you have shown. i think it was almost exactly two years ago when the president said that. he said the economy was too fragile for a tax increase. the economy is more fragile now than it was two years ago. if the president were to make an announcement tonight and be a real statesman we are at a deadlock here, we can't reach an agreement, i am going to agree for the good of the country and good of the economy to extend the tax cuts for everybody for 6 months until we get this resolved we wouldn't be talking the fiscal cliff that would take statesmanship from the president and it would do the economy a world of good and i wish tha
and what they will say is that if you either increase taxes or significantly lower spending when the economies remain some what fragile it would have a de simulated effect and potentially you see a lot of folks losing business, more folks potentially losing jobs that would be a mistake when the economy has not fully taken off. >>> with me is wall street journal senior economics writer receive moore. has the president changed his mind? >> i love that quote that you have shown. i...
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here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard anything in the last couple of hours that suggests to you that somehow by monday mitch mcconnell and harry reid will sing kumbaya, pass something in the senate that also passes the house? >> i'm not so sure they'll be sing kumbaya, but the real story today is that there's movement on capitol hill. reid and mcconnell come out of that white house meeting and they're ready to haggle over some differences. what i expect to come to the floor is what president obama's talking about a 250 threshold for rates, maybe an amt attached to it and maybe have unemployment attached to it, but that's it. that's what the president wants at the end of the day. the question for mccon cell this, can he raise that threshold now at the 11th hour from president obama's $250,000 perhaps to $300,000 or $400,000. >> and just concede on spending cuts. >> at this point the republicans are like a prizefighter on the ropes and they're not in a great negotiating position and the caucus walked
here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard anything in the last couple of hours that suggests to you that somehow by monday mitch mcconnell and harry reid will sing kumbaya, pass something in the senate that also passes the house? >> i'm not so sure they'll be sing kumbaya, but the real story today is that there's movement on capitol hill. reid and mcconnell come out of that white house meeting and they're ready to haggle over some...
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>> it depends if he turns into bill clinton or remains barack obama. clinton understood his legacy, was what was important and he would be remembered as somebody who was good on the economy, as a democrat. guess what? he wasn't a typical democrat. he was forced to change. a lot of it had to do with the fact that the congress changed. we have divided government. if the president wants the same old, same old, he will get t. the republicans won't cave. it's equal branchings of government. they control two-thirds and it takes three to tango, the senate, white hussein. >> eric: terrific debate. >> heather: who is leading in the tango, that's what we don't know. congressional leaders are trying to come up with that deal, with less than two days before massive tax hikes and spending cuts kick in and small businesses are already being affected. companies have no idea how much more they are going to owe uncle sam next year. that is affecting how they are doing business right now. we have those details from the new york city newsroom. >> reporter: many small, ow
>> it depends if he turns into bill clinton or remains barack obama. clinton understood his legacy, was what was important and he would be remembered as somebody who was good on the economy, as a democrat. guess what? he wasn't a typical democrat. he was forced to change. a lot of it had to do with the fact that the congress changed. we have divided government. if the president wants the same old, same old, he will get t. the republicans won't cave. it's equal branchings of government....
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Dec 27, 2012
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they are locked in a showdown over taxes and spending and the average family is caught in the middle. in washington, craig boswell, fox news. >> doug: neil abercrombie is minutes away to saying who will fill the seat by the passing of inoue. >>> 2012 brought more fighting and bloodshed to syria. will 2013 be different? it will be after the short brbrbrbrbrbrbr >>> in the name of god, i major general commander of the military police in syria declare my defection from the regime to army and joining the people's revolution for the following reasons -- >> the army derailed from the basic mission of protecting the people and it has become a game for killing and destruction. >> doug: denouncing his defection, as the rebels continue to gain ground. we are looking at death toll more than a year of 44,000 people. terrible i strosties from both sides -- atrocities from both sides. on top of that, syria's stampest ally russia appears to be getting a little bit of cold feet in relationship there. russian foreign minister labrovov announcing to reporters that russia is not inviting assad to come h
they are locked in a showdown over taxes and spending and the average family is caught in the middle. in washington, craig boswell, fox news. >> doug: neil abercrombie is minutes away to saying who will fill the seat by the passing of inoue. >>> 2012 brought more fighting and bloodshed to syria. will 2013 be different? it will be after the short brbrbrbrbrbrbr >>> in the name of god, i major general commander of the military police in syria declare my defection from the...
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because when it comes to spending cuts, president obama says his own, his own words, quote, lays the groundwork for that in the future. the last big budget deal in the summer of 2011, it ended with precisely the same promise, which in turn ended in failure and the fiscal crisis facing the country today. why believe him this time? >> the ball is actually not in his court right now. the ball is in the senate and the house court to come up with a bill that he can sign. so he's trying to set a tone right now about what would be acceptable in the short-term. these long-term issues around entitlements are exactly that, they're long-term issues. to manufacture a decision deadline of 48 hours from now is kind of irresponsible because we're talking about systems that have been around for decades now that many americans depend on. we're talking about systems that are really earned benefits. they're not entitlements. we have paid money into. and we're -- >> we're down to the last minute because the president does not want to deal with the debt. he doesn't want to deal with structural entitlemen
because when it comes to spending cuts, president obama says his own, his own words, quote, lays the groundwork for that in the future. the last big budget deal in the summer of 2011, it ended with precisely the same promise, which in turn ended in failure and the fiscal crisis facing the country today. why believe him this time? >> the ball is actually not in his court right now. the ball is in the senate and the house court to come up with a bill that he can sign. so he's trying to set...
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republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts worth billions of dollars in mass we take effect on journey the first another round of talks is saturday barack obama is already considering an emergency bill for the workers and the army if agreement is not reached before the deadline. the six men involved in the gang rape of a student in india i mean charged with murder just hours after a victim died in a hospital if convicted all could face the death penalty in the case sparked protest in new delhi if you're for it is resorting to banning mass gatherings in parts of the city people still joining to express their anger and sorrow and demanding extreme measures to keep the streets safe. the newly elected prime minister has taken a tour of the fukushima nuclear plant which was devastated by a massive tsunami last year wearing a protective suit to be inspected the complex and admitted that dealing with a fall that is an unprecedented challenge the previous democrat led government plan to scrap the use of nuclear power but i've bee
republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts worth billions of dollars in mass we take effect on journey the first another round of talks is saturday barack obama is already considering an emergency bill for the workers and the army if agreement is not reached before the deadline. the six men involved in the gang rape of a student in india i mean charged with murder just hours after a victim died in a hospital if convicted all...
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the simple reason, tom, obama will not agree to any significant spending cut. so why give him any kind of a grand bargain that the press will give him credit for and he can end the year as some kind of victorious guy? if you look at the u.s. deficit is about $4 trillion a year. these tax increases cover about 400 billion. that's 9 or 10%. that's. it the rest of this battle is over entitlements. i mean the democrats could solve this whole thing simply by agreeing to a minor increase, just a two year increase. >> the president did put that on the table and the republicans reject that. the real issue here is there going to be a self-inflicted wound to the economy? the uncertainty here. either way taxes on the wealthy are going up. they'll go up under a deal approved in the last hours which may or may not happen or if it doesn't, there's no deal, then we go over the so-called cliff and the tax goes up there. so either way taxes are going up. >> if the president wanted a deal on entitlements, all he has to do is raise the age from social security to 65 to 67, maybe
the simple reason, tom, obama will not agree to any significant spending cut. so why give him any kind of a grand bargain that the press will give him credit for and he can end the year as some kind of victorious guy? if you look at the u.s. deficit is about $4 trillion a year. these tax increases cover about 400 billion. that's 9 or 10%. that's. it the rest of this battle is over entitlements. i mean the democrats could solve this whole thing simply by agreeing to a minor increase, just a two...
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president obama says the u.s. cannot afford a politically self-inflicted wound to our economy. >> fortunately congress can prevent it from happening if they act right now. i just had a good and constructive discussion with senate and house leadership about how to prevent this tax hike on the middle class. i'm optimistic we may still be able to reach an agreement that can pass both houses in time. >> the wild card is figuring out what it will take to get a final deal to pass in the house of representatives. they return tomorrow, probably around when we find out if the top two senators reached an agreement. >> gregg: mike emmanuel live in washington. thanks very much. be sure to watch fox news sunday tomorrow. chris wallace talks fiscal cliff with u.s. senators lindsey graham and diane feinstein. check your local listings for the times. >> arthel: with a possible agreement being worked on behind closed doors to avoid going over the fiscal cliff, one casualty could be the defense department. severe financial cuts cou
president obama says the u.s. cannot afford a politically self-inflicted wound to our economy. >> fortunately congress can prevent it from happening if they act right now. i just had a good and constructive discussion with senate and house leadership about how to prevent this tax hike on the middle class. i'm optimistic we may still be able to reach an agreement that can pass both houses in time. >> the wild card is figuring out what it will take to get a final deal to pass in the...
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he says the obama administration will work to make sure the u.s. does not default on loans right away but the debate will be another drag on the economy. with us, the chief business correspondent for u.s. news and world report, rick newman, and author of rebounders, how winners pivot from setback to success. talk about the debt ceiling for us, first of all, welcome. talk about the debt ceiling and how it affects us. we here horror scenarios about the red -- credit rating. >> one good thing you can say about reaching the debt limit is it's not a surprise. everybody has known this is coming up. the government will continue to function for a couple more months. emergency measures will be used to keep the money flowing, so to speak. this is unrelated to the fiscal cliff, so it's an additional problem that everybody has to deal with. of course the worst thing is we know how horrible it was the last time the debt ceiling needed to be raised in the summer of 2011, it went down to the wire and it looked as if there was a chance the united states would not
he says the obama administration will work to make sure the u.s. does not default on loans right away but the debate will be another drag on the economy. with us, the chief business correspondent for u.s. news and world report, rick newman, and author of rebounders, how winners pivot from setback to success. talk about the debt ceiling for us, first of all, welcome. talk about the debt ceiling and how it affects us. we here horror scenarios about the red -- credit rating. >> one good...
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nbc's david gregory talked to president obama about negotiations today in an interview that airs on "meet the press" tomorrow. the president continues to be optimistic but he, i think, in part is doing the interview on "meet the press" because he wants to keep the pressure on republicans to get something done and made very clear in the course of the interview that there's a political cost to be paid if there is not a deal. you can see the full interview with the president from the white house tomorrow morning on "meet the press" at 10:30 right here on nbc 4. >>> some good news for former president george h.w. bush tonight. he's out of intensive care. the 88-year-old's been in the hospital for five weeks now. he was recovering from bronchitis last weekend when he developed a fever and was moved to the icu. the bush family released a statement today saying they're thankful for everyone's prayers and good wishes. >>> tomorrow is the big day for redskins fans. they face the cowboys of course with their division title on the line. jason is here as we gear up for tomorrow's make or break ga
nbc's david gregory talked to president obama about negotiations today in an interview that airs on "meet the press" tomorrow. the president continues to be optimistic but he, i think, in part is doing the interview on "meet the press" because he wants to keep the pressure on republicans to get something done and made very clear in the course of the interview that there's a political cost to be paid if there is not a deal. you can see the full interview with the president...
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they are locked in a showdown over taxes and spending and the average family is caught in the middle. in washington, craig boswell, fox news. >> doug: neil abercrombie is minutes away to saying who will fill the seat by the passing of inoue. >>> 2012 brought more fighting and bloodshed to syria. will 2013 be different? it will be after the short break. ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp, an organization serving the needs of americans 50 and over for generations. so it's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decision guide. call or go online today. after all, when you're going the distance, it's
they are locked in a showdown over taxes and spending and the average family is caught in the middle. in washington, craig boswell, fox news. >> doug: neil abercrombie is minutes away to saying who will fill the seat by the passing of inoue. >>> 2012 brought more fighting and bloodshed to syria. will 2013 be different? it will be after the short break. ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not...
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and spending cuts set to kick in next week. keith russell with more on the budget talks that ended about 45 minutes away. >> jim, the meeting started at 3:10 and ended at 4:15. the four congressional leaders left without speaking to the media. with $600 billion in tax hikes set to take effect new year's day. senior advisers said the president was set to make a small offer with the full support of reid and pelosi. nbc news has learned that a previous offered made by the president, the one that involved a tax increase for only those earning more than $400 is off the table. advisers say that was part of a bigger proposal that speaker boehner did not accept. it looks like the current proposal goes back to raising taxes on those who make more than $250,000. the proposal known as plan b didn't work. it will remain to be seen if the smaller plan will. either way the countdown to the if you year could be very costly. >> i'm hopeful that a deal will avoid the worst parts of a fiscal live cliff. >> the tax increases need to be averted, a
and spending cuts set to kick in next week. keith russell with more on the budget talks that ended about 45 minutes away. >> jim, the meeting started at 3:10 and ended at 4:15. the four congressional leaders left without speaking to the media. with $600 billion in tax hikes set to take effect new year's day. senior advisers said the president was set to make a small offer with the full support of reid and pelosi. nbc news has learned that a previous offered made by the president, the one...